Residential Income in Hamilton (Stipley)

CA$599,900

4 Rosemont, L8L6M4, Hamilton (Stipley), ON

Residential Income for sale in Hamilton (Stipley), 4 Rosemont, L8L6M4, 1500 m²

4 Rosemont, L8L6M4, Hamilton (Stipley), ON

CA$599,900

6Bed
3Bath
1500
Type: Residential Income

Description

4 Rosemont Avenue Hamilton is an Investment Property (Triplex). A fully occupied, income-producing triplex delivering $37, 060 in NOI at a 6.18% current cap rate, with 100% occupancy and central heat and A/C already in place. The building features three self-contained units, one currently used as a 2-bedroom, across four leases, with separate hydro meters that keep operating expenses streamlined, plus a converted double-car garage that now serves as shared storage and coin-operated laundry, adding a secondary income stream. As a fully-leased asset, it contributes dependable in-place income from day one, while the triplex configuration gives an owner scope to optimize the unit mix, renovate, and move rents to market as tenancies turn, a clear renovate-and-add-value path. Location strengthens the case: situated in Hamilton's Stipley neighborhood just blocks from Tim Hortons Field and close to schools, grocery, parks, bus routes, and the city's future LRT, it sits in a transit-oriented pocket. The result is a stable, well-located asset with reliable cash flow today and genuine long-term upside for investors looking to expand their portfolio. (id:55532)

Location

4 Rosemont, L8L6M4, Hamilton (Stipley), ON

Data

Object TypeResidential Income
Purchase PriceCA$599,900
Living Space1500 m²
Plot SizeN/A
Bathrooms3
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air, Natural Gas
Primary Energy SourceN/A
Construction YearN/A
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

R

Real Estate Agent